CDP MOCKBOARD Exam 2026
Questions and Answers
A warehouse facility established for the manufacture of products utilizing raw
materials or components that are imported duty and tax free conditioned on the
exportation of the finished products within the prescribed period. - Correct answer-
Manufacturing Customs Bonded Warehouse
Raw materials entered for consumption in MCBW shall not exceed ______ of the
volume of raw materials entered for warehousing. - Correct answer-30%
shall refer to assessment of a Provisional Goods declaration pending final
readjustment and submission by the declarant of the additional or documentation
required to complete the declaration - Correct answer-Tentative Assessment of
Provisional Goods Declaration
Yes or No.
The district collector instructed the party concerned to post this specific security to
guarantee the payment of duties and taxes and other obligations. Is the district
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,collector correct? - Correct answer-False. Under CAO 1, 2021, any party required
to provide security to guaranty the payment of duties and taxes and other
obligations shall have the OPTION to choose from any of the following forms of
security stated in the order.
True or False.
The required amount of security shall be the lowest possible and shall not exceed
the imposable duties, taxes and other charges - Correct answer-True
Shall refer to an automated system to be adopted and utilized by the bureau in
determining the volume and value of the raw materials exported and subject for
liquidation, including duties and taxes due on allowable residues/wastages/by-
products and other portion of the imported articles, entered through warehousing,
no longer usable for the manufacture of the goods to be exported - Correct answer-
Raw Material Liquidation System (RMLS)
When the business of the port and trade requires such facilities, the ____________,
subject to the approval of _____________ shall designate and establish customs
warehouses for the storage of imported goods or for other special purposes -
Correct answer-District Collector; Commissioner
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,Who is responsible for the licensing of of all CBWs? - Correct answer-Bureau or
Commissioner
CBWs, including their expansion, extensions and additional facilities and the
goods stored thereat, shall be subject to the supervision of? - Correct answer-
District Collector
Yes or No
Is the bureau liable for any loss or damage of the goods stored in any CBW? -
Correct answer-No.
What are the types of CBW - Correct answer-MCBW
MMBW
GTMBW
CCBW
ICBW
NCBW
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, An example of NCBW which are authorized by the bureau to import, receive and
store goods for their own accounts intended for domestic consumption - Correct
answer-Private Customs Bonded Warehouse
Refer to an indorsement from the Revenue Office of the DOF evidencing
exemption of a particular importer from payment of duties and taxes on his
importation - Correct answer-Tax Exemption Indorsement
In case of deferred payment, where shall the concerned party comply with the
pertinent regulations? - Correct answer-Department of Budget and Management
Who shall be deemed owner of the goods? - Correct answer-Consignee
Holder of the AWB/BL
Underwriters
Salvors
What are the documents required for goods entered for consumption through
Formal Entry Process? - Correct answer-SAD Print-Out
Revised SDV
Duly endorsed AWB/BL
Commercial invoice
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Questions and Answers
A warehouse facility established for the manufacture of products utilizing raw
materials or components that are imported duty and tax free conditioned on the
exportation of the finished products within the prescribed period. - Correct answer-
Manufacturing Customs Bonded Warehouse
Raw materials entered for consumption in MCBW shall not exceed ______ of the
volume of raw materials entered for warehousing. - Correct answer-30%
shall refer to assessment of a Provisional Goods declaration pending final
readjustment and submission by the declarant of the additional or documentation
required to complete the declaration - Correct answer-Tentative Assessment of
Provisional Goods Declaration
Yes or No.
The district collector instructed the party concerned to post this specific security to
guarantee the payment of duties and taxes and other obligations. Is the district
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,collector correct? - Correct answer-False. Under CAO 1, 2021, any party required
to provide security to guaranty the payment of duties and taxes and other
obligations shall have the OPTION to choose from any of the following forms of
security stated in the order.
True or False.
The required amount of security shall be the lowest possible and shall not exceed
the imposable duties, taxes and other charges - Correct answer-True
Shall refer to an automated system to be adopted and utilized by the bureau in
determining the volume and value of the raw materials exported and subject for
liquidation, including duties and taxes due on allowable residues/wastages/by-
products and other portion of the imported articles, entered through warehousing,
no longer usable for the manufacture of the goods to be exported - Correct answer-
Raw Material Liquidation System (RMLS)
When the business of the port and trade requires such facilities, the ____________,
subject to the approval of _____________ shall designate and establish customs
warehouses for the storage of imported goods or for other special purposes -
Correct answer-District Collector; Commissioner
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,Who is responsible for the licensing of of all CBWs? - Correct answer-Bureau or
Commissioner
CBWs, including their expansion, extensions and additional facilities and the
goods stored thereat, shall be subject to the supervision of? - Correct answer-
District Collector
Yes or No
Is the bureau liable for any loss or damage of the goods stored in any CBW? -
Correct answer-No.
What are the types of CBW - Correct answer-MCBW
MMBW
GTMBW
CCBW
ICBW
NCBW
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, An example of NCBW which are authorized by the bureau to import, receive and
store goods for their own accounts intended for domestic consumption - Correct
answer-Private Customs Bonded Warehouse
Refer to an indorsement from the Revenue Office of the DOF evidencing
exemption of a particular importer from payment of duties and taxes on his
importation - Correct answer-Tax Exemption Indorsement
In case of deferred payment, where shall the concerned party comply with the
pertinent regulations? - Correct answer-Department of Budget and Management
Who shall be deemed owner of the goods? - Correct answer-Consignee
Holder of the AWB/BL
Underwriters
Salvors
What are the documents required for goods entered for consumption through
Formal Entry Process? - Correct answer-SAD Print-Out
Revised SDV
Duly endorsed AWB/BL
Commercial invoice
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
